HIDE AND TALLOW SALES

Dominion, Volume 12, Issue 146, 15 March 1919, Page 10

HIDE AND TALLOW SALES

The fortnightly sales of hides and tallow were held yesterday by tho various brokora:— Messrs. Dalgety and Co. report that they submitted a, [small catalogue to the usual attendance of buyers. Owing to the restrictions on the export of bides, prices declined to the level of tho Government schedule. Messrs. Levin and Co. report:—"Under the embargo all hides and calfskins have to' bo offered at specified prices to' tho tanners of New Zealand. If tho.tanners do not require them the owners may sell to tho highest bidder, and the hides may be oiDortcd to any British market. Tho pricoa at »hich the tanners have the option of purchase are- those which nere payable by the Imperial Government under the requisition scheme when it vras in operation. Tho representatives of the New Zealand tanners appointed by the ! . Board of Trade, in addition to local exporters, were present, and offerings met with keen demand at Government ilxed prices, and all lots were sold to either tanners or exporters.' Buyers being fully stocked will not operate in tallojv until market conditions become more defined, oonseauently parcels offered met with no competition Whatever, and practically nil catalogues wore passed without eliciting a bid. We fear that the future of the market for some littlo time will show a decidedly easier tendency." Messrs. Murray, Roberts, and Co. advise that they offered a' catalogue of TO hides and calfsktnß. Tho recent embargo on shipment and limitation of prices under Government proclamation deterred exportora from operating' to any extent, and bidding was practically confined to representatives. The firm state that they catalogued some lines of superior conditioned hides, some of which reached the gazotted values, other lots being passed In at prices below these rates. Thero w«b a little revival of inquiry for tallow, but at prices considerably below late \alues, most of the lots being paased in. The New Zealand Farmers' Co-opcrativo Distributing Co.. Ltd., report a very modorato inquiry. Competition was somewhat restricted, and values ruled for hides Id. to 2d. per. lb. lower, in consequence of tho maximum prices now placcd by tho Government on any hides required by tannors. before exporters are allowed to ship. Calfskins generally wore lower Id. to 2d. per lb., but a few lines changed hands above tho Government maximum of 19d. per lb. Tho Wairtirapit Farmers' Co-operative

Association, Ltd., in which is incorporated the United Formers' Co-operative Association. report: "Tliis was the first snlo held under tho schedule published in the Now Zealand Gazette of March 6 fixing prices, and thoro was a fair attendance of buyers. The rnnce of prices was as under:— Hides—Ox heavy, 601b. up,, and ox medium. £0-59, lOd. to 13d.: ox licht, 45 and under. 9)d. to 12(1.; cow heavy, 551b. and over, and cow medium. "52 to 54, lOd. to 113 d.: cow light, under 321b., B}d. to lid.; cut, slippy and inferior, 6(1. to lOgd.; bull, 6tag. 5Jd. to Id.; yearlings, 161b. to 241b., lljld.; calf, superior, up to 161b., 18d. to ZOd.; calf, medium to Rood, up to 161b., Mid. Jo 19Jd.; cfllf, undamaged, up to 161b., lOd. to 16d. Tallow,—ln casks, 265. to 265. 6d.; in tins, etc., 245. 6d. to 255. COMMERCIAL ITEMS INVESTMENT SHAKES. quotations for investment shares were as follow:— Buyers. Sellors. £ s. d. £ 8. d. National Bank 6 7 6 6 9 0 Bank N.Z. (£3 6s. Ed.) ... 13 16 0 14 0 0 Uniou Bank (new issue) 54 10 0 — Metropolitan Building ... 11.5 0 — Well. Investment 0 10 3 0 10 6 Well. Gas (£10) 11 10 0 12 0 0 Well. Ga,s (pref.) — 0 IS 6 National Insurance 3 16 6 — HuddartrParker (ord.) ... — 2 16 Westport Coal 111 6 111 9 AVaipa Coliery — 017 3 Leyiand-O'urien Timber 17 9 18 6 N.Z. Drug, cum 'div — 2 14 0 Sharland (ord. and pref.) 1 10 6 — Wilson i\ T ,Z. P. Cement — 015 3 Vairarapa. Farmers — 6 12 6 War Honda (1938) 96 17 6 97 2 6 War Bonds (1930) - 97 5 0 Customs duties collected at the port ofWellington yesterday amounted to £2153 13s. Id. LONDON METAL MARKET. Australian-New Zealand Cable Association. (Rec. March 14, 10.10 p.m.) London, March 13. Copper.—Spot, £77 ss. per ton; forward dolivery, £73 ss. ■Lead.—Spot, £B8 per ton; forward delivery, £25. Spelter—Spot, £38 per ton; forward delivery, £36. Tin.—Spot, £242 10s.'per ton; forward delivery, £234. Bar -Silver.—47Jd. per oz. standard. AMERICAN WHEAT SUPPLY. (Rec. March 15, 0.45 a.m.) j / New York, March 12: Chicago reports that the visible supply of wheat east of the Rocky Mountains is 120,438,000 bushels. VICTORIAN PRODUCE PRICES. Melbournei March 14. Barley, English, ss. 3d. to ss. 9d. per bushel; Cape, 4s. to 4s. 2d. Oats, milling, 4s. 7d. to 4s. Bd.; feed. 4s. 2d. to 4s. 4d. Potatoes, £7 10s. t-o £8 per ton. Onions, £12 10s. to £13. BANK OP ENCiLANI) RETURN. Anrtrallan-Now Zealand Oable Association. (Rec. March 14, 11.10 p.m.) London, March 13. The Bank of England return Issued for the -week ending Wednesday, March 12, 1b as under:— lESBH J'EPAOTMENT. Notes issued £7i,409,(00 Gov. dobt... £11,015,000 Othor socurltfotes in lies 7,434.000 reserve 23.171-000 Gold SI, 131,000 £99.580.000 i®),560,000 Banking Departsieot. Proprietors' Gov. Beouricanital ...£14,653,000 . ties ... £65,271,000 Public do- Other securi- . posits <•• 24,355,000 ties 83,584,000 Other deposits ... 125.876,000 Notos in Rest. 7-day reserve ... 23,171,000 and other Coin in ' bills ... 3.643.000 reserve ... 1,305,000 £163,331,000 ' £163,331.000 The leading items of the Bank of England return afford the following comparison This week Last week Last year Bullion 1 81,131.000 80.0P3X100 60.137.000 Reserve ... 20,476,000 28.6K1.D00 31.251.000 Note Circulation 71.092,000 71.092,00u 47,291,000 Public Deposits 24.355.000 25,702,000 38.353,000 Other Doposits 105.675.000 128-732-000 128,988.000 Proportion of reserves to , liabilities 19.63 18.55 18-70 miningTnews WELLINGTON SHARE MARKET. Tho only quotation recorded-in tho mining market yesterday was as under:— Buyers. Sellers. £ s. d. £ s. d. Walhi 2 1 6 2 2 0 STOCK EXCHANGE. Auckland, March 14. Sales.—National Bank, £6 95.; Auckland Gas (paid'), 265. 9d., 275.; Waihi, £2 2s. 9d., £2 la. 9d.; Grand Junction, 12s. 3d.; Auckland Tramß (ord.), 19s. 4d. Sales reported -National Insurance. £3 17s. Dunedin, March 14. Saleß.—Waihi, 425.; N.Z. Paper Mills, 225, 9d. Sales reported—Kaiapol Woollen (ord.), 1475„ National Bank, 1305.; National. Mortgage, 95a LONDON SHARE MARKET. London, March 12. Britieli Broken Hill, buyers 435. 6d„ sellers 44b. 6d.; Broken Hill Proprietary, buyers 50s. 6d.. sellers 51a. 6d, i